After studying this lesson, you will be able to :
- recall the meaning and scope of human activities;
- enumerate the types of economic activities and their characteristics;
- identify business as an economic activity;
- differentiate between business and other economic activities and explain the meaning and characteristics of business;
- distinguish between different types of business activities;
- explain the significance of business in modern society;
- establish the relationship between production and distribution and identify different types of industries;
- state the concept of retail and whole-sale trade and export and import;
and
- identify the auxiliaries that facilitate trade and commerce.